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dc.contributor.authorAbaliwano, Joyce
dc.date.accessioned2014-03-03T06:40:32Z
dc.date.available2014-03-03T06:40:32Z
dc.date.issued2012-06
dc.identifier.citationAbaliwano, J. (2012). Modeling the demand for money at a micro level: A case of Uganda. Unpublished master's dissertation. Makerere University, Kampala, Ugandaen_US
dc.identifier.urihttp://hdl.handle.net/10570/2352
dc.descriptionA Dissertation submitted to the School of Graduate Studies in partial fulfillment of the requirements for the award of the Degree of Master of Arts in Economic Policy Management of Makerere Universityen_US
dc.description.abstractA stable demand for money function is essential for the conduct of effective monetary policy. And its estimation is crucial for policy because it has a direct role in the trading activity of the market economy hence an effect on the general price levels. This study estimates the money demand function and its stability at a micro level using a regression analysis technique. The study applies a narrow definition of measuring monetary aggregate, M1 and uses a simple sum and Divisia approaches to estimate it. Empirical results show that in both approaches, income is a significant determinant of money demand while, interest rate is not. Both approaches yield an instable money demand function and are therefore not appropriate monetary instruments on their own. Hence, monetary policy needs to be used in conjunction with other policies to achieve the goal of economic stabilization and adjustment.en_US
dc.language.isoenen_US
dc.publisherMakerere Universityen_US
dc.subjectMoneyen_US
dc.subjectDemanden_US
dc.subjectModelingen_US
dc.subjectMicro levelen_US
dc.subjectUgandaen_US
dc.titleModeling the demand for money at a micro level: A case of Ugandaen_US
dc.typeThesisen_US


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